Ontario's clean energy economy continues to grow as the Ontario Power Authority (OPA) offers 951 new Small Feed-in Tariff (FIT) renewable energy contracts. In total, these new contracts will add 146.5 megawatts of power, which is more than enough power to give 21,000 homes electricity. The majority of these contract offers (934 projects) were for solar photovoltaic projects. There were also 16 bioenergy projects as well as one waterpower project. As a result, project developers are expected to invest over $750 million into the economy of Ontario which translates into roughly 2,200 new jobs for the residents of Ontario.
These contracts were offered to successful applicants who applied during the small FIT application period from December 14, 2012, to January 18, 2013. The OPA was allowed to offer applicants up to 200 MW to these applicants. Since only 146.5 MW was allocated to these contracts, the remaining 53.5 MW of capacity will be added to the procurement target for this fall’s Small FIT application period. More details for this next window of applications will be posted when information is available on our blog as well as the FIT website.
If you’d like to learn more about clean technology, visit our clean technology page. For other relevant clean technology funding programs, check out the SD Tech Fund and the Innovation Demonstration Fund (IDF) Program.